"The story of SSC remains one of steady, consistent—some might even say predictable—growth. Our continued focus on profitability has driven margin improvement this year, which is an important indicator for our business. Our commitment to disciplined M&A, share buybacks, and thoughtful capital allocation remains unchanged. Over the long term, this approach will continue to build a strong and resilient company for our shareholders," said Chairman and CEO Doug Emsley.
FY2025 HIGHLIGHTS
Continued Margin Improvement - The fiscal year gross profit is $20.0 million (16.8% margin), up from $19.2 million (15.9%) in the prior year. Gross profit for Q4 2025 was $5.5 million (16.9%), up 12.2% from $4.9 million (16.4%) in the same quarter last year.
Revenue Growth - Revenues for the fiscal year ended September 30, 2025 were $119.4 million, consistent with the $120.6 million during the previous fiscal year ended September 30, 2024. The Company generated $32.4 million in revenue for Q4 2025, up 9.3% from $29.6 million in the prior-year fourth quarter.
Improved Adjusted EBITDA - Adjusted EBITDA for the year was $5.7 million ($0.31 per share), up from $5.0 million ($0.26 per share) during the prior year. Adjusted EBITDA in Q4 2025 was $2.0 million ($0.11 per share), as compared to $1.2 million ($0.06 per share) during the same fourth quarter last year.
Continued NCIB Share Buybacks - During the year SSC bought back 439,200 shares of the Company at an average price of $2.54 per share.
36th Consecutive Quarterly Dividend Paid - During the quarter we paid $0.03 per share in dividends to shareholders.
We finished the year ended September 30, 2025 with:
Cash and cash equivalents of $11.3 million equal to $0.62 per share;
Working capital of $25.3 million;
Total shareholders' equity of $61.4 million; and
No debt.
Key Performance Indicators for the comparable periods are summarized below:
Key Performance Indicators
Quarter ended
Sept 30
Fiscal Year ended
Sept 30
(All amounts are in thousands of Canadian dollars unless otherwise indicated)
2025
2024
2023
2025
2024
2023
Revenue
32,368
29,612
29,291
119,416
120,623
109,055
Cost of sales
26,891
24,748
25,283
99,386
101,415
92,805
Gross margin
5,477
4,864
4,008
20,030
19,208
16,250
Gross margin (%)
16.9 %
16.4 %
13.7 %
16.8 %
15.9 %
14.9 %